Spanish renewables platform Matrix Renewables has closed financing for construction of its California-based Gaskell 2 and 3 solar-plus-storage projects, which are already in an advanced construction phase.
US$217 million was provided by MUFG, HSBC, National Bank of Canada and Commonwealth Bank to finance the construction loan, tax equity bridge loan and back-levered term loan for the projects on top of US$92 million received from Bank of America in June.
The projects have a combined capacity of 143MW of solar PV alongside an 80MWh storage system. Five power purchase agreements (PPAs) are in place with utilities and cities in California to offtake the power generated.
To read the full version of this story, visit PV Tech.
This article requires Premium SubscriptionBasic (FREE) Subscription
Enjoy 12 months of exclusive analysis
Already a subscriber? Sign In
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Annual digital subscription to the PV Tech Power journal
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
Already a subscriber? Sign In
